NOT LISTED FOR SALE

Orpheum Lofts 114 W Adams St Unit C-101 Phoenix, AZ 85003

Downtown Phoenix Neighborhood
-- Bed
-- Bath
9,445 Sq Ft
1,487 Sq Ft Lot

Last Sold August 15, 2019

Last sale price $707,000 $75 Per Sq Ft

219 Days on Market

Highlights

  • Fitness Center
  • 3-minute walk to Washington/Central Ave
  • Chilled Water System
  • Phoenix Coding Academy Rated A
  • Community Kitchen
  • 3-minute walk to McDowell Mountain Regional Park

About This Home

As of August 2019

Located in one of the highest rated walk-able locations in Downtown Phoenix, ground floor of Orpheum Lofts and across from 44 Monroe. The light rail passes within 15ft of Orpheum giving a true urban feel as well as a convenient means of transportation for patrons. Needless to say, this property is positioned impeccably. The Gothic style of Orpheum is timeless, desirable, and very rare for Phoenix. It is one of the only historic high rises in Phoenix and one of the most beautiful. Tenant is in the middle of their first option period and is one of the best--if not the best--sushi restaurants in Phoenix, Harumi Sushi.

Last Agent to Sell the Property

Dennis Kolodin

Metro Realty License #BR535429000 Listed on: 11/20/2018

Last Buyer's Agent

Mykyung Chung

DPR Realty LLC License #SA560718000

DPR Realty LLC

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,480

Year Built

  • Built in 1990

Lot Details

  • 1,487 Sq Ft Lot
  • Property is zoned DTC-BCORE

Home Design

  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • 9,445 Sq Ft Home
  • Concrete Flooring
  • Chilled Water System

Utilities

  • Heating Available

Listing and Financial Details

  • Tax Lot C101
  • Assessor Parcel Number 112-21-583

Community Details

Overview

  • Orpheum Lofts Commercial Unit Amd Subdivision

Amenities

  • Community Kitchen
  • Meeting Room

Recreation

Building Details

  • Operating Expense $3,480
  • Net Operating Income $43,096

Property Details

Property Type

Other

Est. Annual Taxes

$3,480

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Cross Street: Adams and 1st Ave
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: DTC-BCORE
  • Current Use: Mixed Use, Retail, Restaurant, Food Service, Bar
  • Number Of Buildings: 1
  • Year Built: 1990
  • Tax Year: 2018
  • Directions: South on 1st Ave. West on Adams to property on right.
  • Lot Size Acres: 0.03
  • Road Surface Type: Asphalt, Concrete, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: ORPHEUM LOFTS COMMERCIAL UNIT AMD
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: None
  • Construction Type: Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Parking:Paved Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: 3 Phase Power, Individual Meter, Submetered System
  • Cooling: Chiller System
  • Heating: Electric
  • Green Building Features: Conference Room, Exercise Room, Kitchen, LAN Compatible Copr
  • Water Source: Submetered System, Individual Meter
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Conference Room: Yes
  • Amenities:Exercise Room: Yes
  • Amenities:LAN Compatible Copr: Yes

Fee Information

  • Parking Fee: Yes

Lot Info

  • Lot Size Sq Ft: 1487.0
  • Additional Parcels: No
  • Parcel #: 112-21-583
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Property Net Operating Income: 43096.0
  • Annual Operating Expense: 3480.0
  • Leasable Area: 1169.0

Tax Info

  • Tax Annual Amount: 3480.0
  • Tax Book Number: 112.00
  • Tax Lot: C101
  • Tax Map Number: 21.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2019 08/15/19 Sold $707,000 -2.5% $75 / Sq Ft
06/27/2019 06/27/19 Pending -- -- --
11/20/2018 11/20/18 For Sale $725,000 +23332.4% $77 / Sq Ft
07/01/2013 07/01/13 Sold $3,094 0.0% $2 / Sq Ft
06/21/2013 06/21/13 Pending -- -- --
05/29/2013 05/29/13 For Sale $3,094 -- $2 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dennis Kolodin

    Seller's Agent in 2019

    Dennis Kolodin

    Metro Realty

    Section Image

  • M

    Buyer's Agent in 2019

    Mykyung Chung

    DPR Realty

    (623) 979-3002

    12 Total Sales

    Mykyung Chung
    Section Image
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About Orpheum Lofts

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5849250

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85003 Downtown Phoenix

114 W Adams St Unit C-101, Phoenix, AZ

This home is located at 114 W Adams St Unit C-101, Phoenix, AZ 85003 since 20 November 2018. This property was built in 1990. 114 W Adams St Unit C-101 is a home located in Maricopa County with nearby schools including Dunbar Elementary School, Magnet Traditional School, and Phoenix Coding Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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